Update Move-Out charges
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Update Move-Out charges (by NE [PA]) Apr 29, 2021 11:42 AM
       Update Move-Out charges (by Sisco [MO]) Apr 29, 2021 11:51 AM
       Update Move-Out charges (by S i d [MO]) Apr 29, 2021 11:56 AM
       Update Move-Out charges (by NE [PA]) Apr 29, 2021 12:10 PM
       Update Move-Out charges (by Vee [OH]) Apr 29, 2021 12:15 PM
       Update Move-Out charges (by RB [MI]) Apr 29, 2021 12:36 PM

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Update Move-Out charges (by NE [PA]) Posted on: Apr 29, 2021 11:42 AM
Message:

With material costs and and labor shortages being what they are, its a good time to bump up the move out and repair charges list portion of your leases.

Reviewing move out charges this morning for a tenant who recently vacated,I saw replacing a light switch was only $5.00. Yep, my move out charges go up starting today for any newly signed leases. --70.44.xxx.xx




Update Move-Out charges (by Sisco [MO]) Posted on: Apr 29, 2021 11:51 AM
Message:

Thank you for the reminder. The risks involved in approving judgement proof tenant are much higher than they used to be. --67.43.xxx.xxx




Update Move-Out charges (by S i d [MO]) Posted on: Apr 29, 2021 11:56 AM
Message:

I have a simple policy on this that keeps me up with the times: "Cost plus" pricing. Take the actual cost, add 20% or $50, whichever is greater, for profit margin and hassle factor.

So if I have a total of $1,000 for all of the charges written into the lease, then I can only charge $1,000. If materials went up (lumber price spikes, anyone?) then too bad, so sad.

With cost plus pricing, if labor + material goes up to $1,000 then I charge $1,200. If it goes up to $2,000, then I charge $2,400. Etc.

Maybe not as good of a profit center as some of you, but very work involved for updating, and it also shields me from spikes in labor and material costs. I may be leaving money on the table. With better quality of tenants, though, I haven't had as much to worry about. My worst turnover of 2020 was less than $500.

--107.216.xxx.xxx




Update Move-Out charges (by NE [PA]) Posted on: Apr 29, 2021 12:10 PM
Message:

Sid, I also have a disclaimer in regards to fluctuating costs on the top of my charges sheet.

I include all this at lease signing and in my discounted payment plan agreement when I send it out to the tenant.

Tenant gets one chance to set up a payment plan. Next month if I dont get paid, Mommy, Daddy, Grandma, Sister and friends on emergency contact list will get a copy of the bill just cuz I havent heard from the tenant. :) --70.44.xxx.xx




Update Move-Out charges (by Vee [OH]) Posted on: Apr 29, 2021 12:15 PM
Message:

Hard to evaluate material cost right now, a 12bux sheet of plywood is now 44inches by 92 and cost 46bux for particle wood. --76.188.xxx.xxx




Update Move-Out charges (by RB [MI]) Posted on: Apr 29, 2021 12:36 PM
Message:

Grab'em by the ankles, lift and shake. --199.192.xxx.xxx



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